Effected with certain Lloyd’s Underwriters (hereinafter called the “Insurer” through Lloyd’s Approved Coverholder (“the Coverholder”):
The property protection "bundle" combines “to-the-studs” contents damages with liability for the property manager and homeowner plus bed bug protection to bring a unique, comprehensive program to the short term vacation and furnished corporate housing industries.
A simple and straightforward 'plug 'n' play' package solution designed in collaboration with furnished accommodation providers; three comprehensive coverage solutions for property owners, agents and occupants in a single, revenue-generating policy.
* Covering Accidental loss or damage to unit and furnishign up to $25K;
* No Further need to collect, track and refund damage deposits;
*Eliminates costly and awkward corporate client interactions;
* Removes cash flow/ cost barriers for clients;
* Coverage limits/terms defined according risk, not what clients can afford;
* No deductible.
* Covering loss or damage arising from standard perils to personal belongings and effects of occupants/tenants;
* Coverage for property outside residence;
*Includes $500K international personal liability coverage enhancement feature;
$250 deductible per property claim;
$2500 deductible for liability claims
* Covering costs including Loss of Rental Income incurred in eradication a bedbug infestaion;
* Alternative accommodation coverage allowance;
* Policy limits up to $5,000 for 1-bedroom units; $10,00 for 2-bedroom units and $15,000 for 3-bedroom units, any one occurrence in respect of each;
* 72-hr. waiting period for Loss of Rental Income